Three-Home Residential Investment
For Sale
$265,000
210 5th Street, Abbeville, LA 70510
Residential Income, Abbeville, LA
Property Size1,041 SF
Price / SF$254.56
Days on Market146
Property Features for 210 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
Vermillion Parish
Middle school district
Vermillion Parish
High school district
Vermillion Parish
Directions
From Hwy 167 take a left onto Hwy 14. Then right onto State St. 5th St will be on your right.
Subdivision
V1
Standard status
Active
APN
Ra551850
Size
1,041 SF
Taxes and HOA fees
Tax Description
220 S Leonard St Abbeville LOT 12 & S 5 FT OF LOT 11 BLK 104 SOKOLOSKI ADD 2023002557 IMP 107 Murrel St Abbeville E/2 OF LOT 1 BLK 2 SUMMERS ADD 2022009343 IMP 210 5th St Abbeville LOT 15 BLK J F A GODCHAUX ADD 2023002040 IM
Legal Description
220 S Leonard St Abbeville LOT 12 & S 5 FT OF LOT 11 BLK 104 SOKOLOSKI ADD 2023002557 IMP 107 Murrel St Abbeville E/2 OF LOT 1 BLK 2 SUMMERS ADD 2022009343 IMP 210 5th St Abbeville LOT 15 BLK J F A GODCHAUX ADD 2023002040 IM
Utilities
Water source
Public
Building Details
Number of units
3
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Cody Meaux · License #995711386
(337) 523-5702
Added: May 1
Changed: Sep 13
Last Checked: Sep 23 at 3:06AM
MLS# 2600003869
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a for-sale residential investment package consisting of three occupied homes: 210 5th Street, 220 S Leonard Street, and 107 Murrel. The 210 5th Street home is configured as a 2/1 and includes updated plumbing and plumbing fixtures, a newer water heater, a new refrigerator, and central A/C and heat. The 220 S Leonard Street home has updated gas lines and updated sewage lines. The 107 Murrel home has updated plumbing and gas lines, along with an updated stove and water heater.
The properties are described as being in Flood Zone X, with no flood insurance required. The package is presented by the seller as potentially purchasable as individual homes or together.
All three homes are currently occupied, with stated monthly rents of $750, $1,000, and $900, respectively. The offering is presented as an investment package.
The properties are described as being in Flood Zone X, with no flood insurance required. The package is presented by the seller as potentially purchasable as individual homes or together.
All three homes are currently occupied, with stated monthly rents of $750, $1,000, and $900, respectively. The offering is presented as an investment package.
Key Highlights
- 3‑home investment package with potential combined rental income of $31,800/yr
- 210 5th Street occupied at $750/mo: 2 bed/1 bath, updated plumbing & fixtures, newer water heater, new fridge, central A/C & heat
- 220 S Leonard St occupied at $1000/mo: updated gas lines and updated sewage lines
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$176,500
$176.5K
Cap Rate 7%
$126,071
$126.1K
Cap Rate 9%
$98,056
$98.1K
Market Conditions
NOI Build-Up for 1,041 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $21.00/SF
− Vacancy
−$5.8K −$5.59/SF
EGI
$16.0K $15.41/SF
− OpEx
−$7.2K −$6.94/SF
NOI
$8.8K $8.48/SF
Area
Vermilion County, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$176,500
Cap Rate 7%
$126,071
Cap Rate 9%
$98,056
Alternative Uses
Best Use
Apartment 5plus
$126.1K
$110.3K – $147.1K
NOI $8,825 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.1K
$215.4K – $287.2K
NOI $17,229 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 70510, LA
24,074
Population
11,603
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
82%
High-School Grad
233.0 sq mi
ZIP Area
103
Density / Sq Mi
$50,881
Median Household Income
$37,079
Median Earnings
$789
Median Rent
$150,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale as a three-property package with occupied residences and updated mechanical and plumbing features.
Where is this multifamily property located?
The property is located at 210 5th Street Abbeville, LA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 3‑home investment package with potential combined rental income of $31,800/yr; 210 5th Street occupied at $750/mo: 2 bed/1 bath, updated plumbing & fixtures, newer water heater, new fridge, central A/C & heat; 220 S Leonard St occupied at $1000/mo: updated gas lines and updated sewage lines
